Guides › Switching Financial Advisors
Updated September 4, 2026. Quick answer: you open the account at the receiving firm and sign the transfer form there; the new firm pulls the account through ACATS. Whether you hold a Chase-branded advised account or a self-directed J.P. Morgan Self-Directed Investing account, the published exit price is the same: $95 to transfer or terminate a non-retirement account, and $95 again to terminate an IRA. The annual IRA maintenance fee on the self-directed side is $75. One exception is published: the fee does not apply if the assets are moving to another J.P. Morgan-internal investment account or annuity. This page states only what the firm itself publishes.
The published numbers
Figures below come from two current J.P. Morgan documents fetched directly from the firm’s own sites: the Fee Schedule for Brokerage Accounts and Managed Accounts (chase.com, ©2025 JPMorgan Chase & Co.) for the advised/Chase side, and the Fee and Commission Schedule for J.P. Morgan Self-Directed Investing (jpmorgan.com).
| What it charges | Amount | How it is charged |
|---|---|---|
| Non-Retirement Account Transfer and Termination | $95 | Per account, when all assets leave |
| Retirement Account Termination | $95 | Per account, via check/ACH/wire |
| IRA Termination (Self-Directed Investing) | $95 | Per account |
| IRA Maintenance (Self-Directed Investing) | $75 | Per year |
One published exception can zero the fee out entirely: but only if you stay inside J.P. Morgan. The Chase-side schedule’s own footnote on the Retirement Account Termination fee reads: “This fee does not apply if the assets are moving to another internal investment account or annuity.” That carve-out is for moving assets to a different J.P. Morgan account, not for leaving the firm: an outbound ACAT to a competitor pays the full $95 either way. Neither document itemizes a separate partial-transfer fee distinct from the flat $95 charge.
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Source: WiserAdvisor’s service descriptionClosing the account vs transferring it: the $95 transfer-out fee
Closing an account and transferring it are different events. A transfer in kind moves your holdings to the new firm as they are. Closing by selling everything and withdrawing the cash is a liquidation. A liquidation is a taxable event; a transfer in kind is not, see IRS Publication 550 and Publication 590-B.
How do I close a J.P. Morgan account?
To leave without selling, open the account at the receiving firm and start the transfer there. To close by liquidating, sell the holdings and withdraw the cash. The charge for moving the account is covered in the next answer.
What is the J.P. Morgan transfer out fee?
The J.P. Morgan Fee Schedule for Brokerage Accounts and Managed Accounts lists “Non-Retirement Account Transfer and Termination” at $95, charged per account, when all assets leave.
What is the J.P. Morgan ACAT fee?
ACATS is the system the receiving firm uses to pull an account. The amount published for sending an account out is $95, from the J.P. Morgan Fee Schedule for Brokerage Accounts and Managed Accounts.
The sequence
1. Pull a current statement for every account, showing the exact registration, account numbers and complete holdings list. 2. Check the holdings for anything that will not move. Ask the receiving firm directly: “Can you hold every position on this statement?” Anything they cannot hold has to be sold, and in a taxable account that is a realised gain in the year you switch: the categories that commonly do not transfer. 3. Open the receiving account and sign the transfer form there. Under FINRA Rule 11870 the delivering firm then has one business day to validate and three business days after validation to complete. 4. Send a dated termination letter for the record, the generator writes it, and confirm in writing that billing has stopped.
Two things to get right
Cost basis. Under IRC §6045A the delivering broker must furnish a transfer statement carrying basis for covered securities within 15 days of the transfer. Keep your final statements anyway, and check the first statement at the new firm for positions showing a missing or zero basis. Retirement accounts move as a direct transfer, trustee to trustee, not as a distribution to you. Why that distinction matters. Budget $95 for the exit charge and leave the cash to cover it in the account rather than sweeping the balance to zero first. Whether the fee is worth paying at all is a question of what you are moving to: our benchmark of published adviser fee schedules puts the weighted median annual cost near $2,000 to $2,500 on $250,000: the benchmark. The general mechanics: switching financial advisors. To put the exit charge next to the fee you would stop paying, the switching advisors cost calculator returns the break-even in months.
Comparing exit steps at more than one firm? How to leave Osaic, PNC Investments, Primerica, RBC Wealth Management, Stifel, Thrivent and Truist, fee by fee and form by form.
Want to know what J.P. Morgan Advisors charges before you decide whether to leave? See the dollar breakdown from J.P. Morgan Advisors’s own fee disclosure.
Before you decide to leave J.P. Morgan Advisors, check whether it owes you a fiduciary duty in the first place.
Weighing whether to move ahead? Read the full J.P. Morgan Advisors review, including its fiduciary status and what it costs to leave.
Three more exits from national RIAs and hybrid broker-dealers, each with a published or custodian-set transfer figure: Buckingham Strategic Wealth, CAPTRUST, and Cambridge Investment Research.
What does leaving cost elsewhere? Compare the published exit fee at 115 advisory firms and brokerages, each taken from that firm’s own schedule or its custodian’s.
Leaving a different firm? See the exit guides for all 189 firms, with the four steps every exit shares.